Has the Fed Thrown In the Towel on Quantitative Easing?

This morning on CNBC, pits reporter Rick Santelli suggested that in yesterday's Fed statement, the Fed appears to have "given up" on artificially lowering interest rates through treasury purchases. This would be suggestive of additional future interest rate hikes. Despite that, the treasury auction was well bid yesterday and recently. This chart is suggestive of a consolidation.